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Steam Turbine for Power Generation Market

Segmentation By Type (Combined Cycle and Steam Cycle), By Application (Nuclear, Coal and Biomass), By Rated Capacity (1-120 MW, 121-350 MW, 351-750 MW and Above 750 MW), By Exhaust Type (Condensing and Non-condensing) - Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 939 | Published On: Feb 08, 2023
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Market Segmentation


Steam Turbine For Power Generation Market
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Market Size and Forecast
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Top Featured Companies Dominating The Market

    • Bharat Heavy Electricals Limited
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
    • General Electric Company
    • Toshiba Corporation
    • Siemens AG
    • Alstom SA.
    • Mitsubishi Hitachi Power Systems, Ltd.
    • Shanghai Electric Group Co. Ltd.
    • Eliott Group
    • Dongfang Electric Corporation Limited
    • Harbin Electric International Company Limited
    • Fuji Electric Co., Ltd.
    • Man Diesel & Turbo SE
    • Doosan Skoda Power

In The News


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

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